Crypto Market Set to Become More Diverse as Institutional Investors Bet on Altcoins

• David Duong, Head of Institutional Research at Coinbase, suggests that institutional investors are open to investing in altcoins other than Bitcoin and Ethereum.
• Mark Yusko believes that Bitcoin could soon be entering a new bull market.
• The focus on altcoins by institutional investors is likely to have a positive effect on the crypto market as a whole.

Institutional Investors Open to Investing in Altcoins

David Duong, Head of Institutional Research at Coinbase, has suggested that institutional investors may be more open to investing in crypto assets other than Bitcoin (BTC) and Ethereum (ETH). According to Duong, nearly half of all institutional flows on Coinbase are directed toward assets other than BTC and ETH. He further added that there is an increasing focus on what’s happening in the ecosystem outside of Bitcoin and Ethereum.

Expectation Of Shanghai Fork For Ethereum

Ethereum is expected to become the next major thing given the anticipation of the Shanghai fork. Currently, market conditions are relatively uncertain due to macro factors, seasonality, and the potential for crypto to dissociate itself from other risk assets.

Crypto Spring Could Lead To A Bull Market In Summer

Morgan Creek Capital Management founder and CEO Mark Yusko also appeared on the show with his opinion about Bitcoin entering a new bull market soon. He believes that crypto spring is mostly range-bound price action, with summer representing a bullish period for BTC and ETH prices.

Institutional Demand For Altcoins

The fact that institutional investors are becoming more interested in altcoins other than Bitcoin and Ethereum suggests that the crypto market may become more diverse in the next few months. This could have a positive effect on the overall market by increasing demand for altcoins, which could drive up their value. However, it is important to note that BTC and ETH continue to be the primary focus for institutional investors. Any significant movement in these two coins could have a significant impact on the entire crypto market as well.

Overall, it appears that while institutions remain focused primarily on BTC and ETH investments they are also paying attention to what’s going on with alternative coins as well – which bodes well for those looking for diversification within their portfolios or those who believe some alts will outperform others over time.